131st MAINE LEGISLATURE
		LD 1303		LR 1884(04)
	An Act to Exempt Boats and All-terrain Vehicles Purchased for Qualified Commercial Fishing or Commercial Farming from State Sales Tax
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Grohoski of Hancock
	Fiscal Note Required: Yes
Fiscal Note
			FY 2023-24	FY 2024-25	Projections  FY 2025-26	Projections  FY 2026-27
Net Cost (Savings)
	General Fund		$39,900	$101,650	$107,350	$110,200
Revenue
	General Fund		($39,900)	($101,650)	($107,350)	($110,200)
	Other Special Revenue Funds		($2,100)	($5,350)	($5,650)	($5,350)
Fiscal Detail and Notes
	This amendment expands the definition of utility vehicles for the purposes of the sales tax refund for purchases of depreciable machinery and equipment for certain uses by increasing the maximum attainable vehicle speed from 25 to 50 miles per hour. Expanding the definition to include additional vehicles will reduce General Fund revenue by an additional $39,900 in fiscal year 2023-24 and $101,650 in fiscal year 2024-25 and will reduce Local Government Fund revenue by an additional $2,100 in fiscal year 2023-24 and $5,350 in 2024-25.